De jure

Law - company law - regulation.

Existing as a legal right or restriction, whether or not borne out as a matter of practical reality.

The opposite of de facto.

De facto capital market integration exceeds de jure

"[There is a] substantial gap between de facto and de jure measures of financial openness and integration.

In short, the fact that numerous developing countries impose significant legal controls on the international movement of capital does not mean that such controls are particularly effective in curbing international capital flows.

Actual financial integration – as measured by capital flows and cross-border financial asset holdings – may significantly exceed the level implied by corresponding legal controls."

Asian capital market integration - the Treasurer's Wiki

See also

• Asian capital market integration: theory and evidence
• Capital control
• De facto